World Bank: Iran, World’s 44th Top Trader

Among the world’s top traders in 2016, World Bank has announced Iran as the 44th trader with total trade of $106 billion.

According to IMNA, the figure indicates a positive trade balance in the Iranian economy with $26 billion surplus.

According to a report published by the United Nations Conference on Trade and Development (UNCTAD), the country’s total foreign trade stood at $109 billion. The country exported goods of $69 billion worth last year, while imports stood at $40 billion, the report added.

Based on the UNCTAD report, Iran accounted for 0.34 percent of the world’s total $32.136 trillion trade in 2016.

Some countries that had higher foreign trades than Iran include: Canada with $806 billion, Singapore with $611 billion, Switzerland with $571 billion, UAE with $490 billion, Malaysia with $357 billion and Vietnam with $350 billion.

Some countries that hold lower foreign trades that Iran include: Ukrain with $75 billion, Nigeria with $71 billion, New Zealand with $69 billion, Kuwait with $77 billion, and Bulgaria with $53 billion.

News Code 331714

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